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I expect a drop within the frames of the wave 3 of [iii]

31 May 2016, GBP/USD

Yesterday the price failed to update High, a little space remained to reach this level, but the pair bounced off it. It is possible that this growth was only a corrective wave 2 and now the pair will decline at a more active pace.

If this assumption is correct, in the near future an impulse drop is expected within the frames of the wave 3 of [iii]. For this reason, I've opened a new Sell trade, my previous trade was closed by a break-even Stop Loss order.

I expect a drop within the frames of the wave 3 of [iii]

Vasiliy Lukin
FreshForex Analyst
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